R2
R2, formerly known as R2 Capital, is a fintech company specializing in credit and lending solutions for SMBs in Latin America, offering seamless capital integration through an API-first approach.
Company Overview
R2, previously known as R2 Capital, operates in the fintech industry with a focus on credit and lending. The company enables platforms to seamlessly offer capital to their small and medium-sized business (SMB) customers in Latin America. Founded in March 2021, R2 has quickly established itself in the fintech ecosystem by providing embedded lending infrastructure and revenue-based financing for sellers on various platforms.
Locations and Team Size
R2 operates across several key regions, including Mexico, Chile, the United States, and Colombia, with offices in Mexico City, Santiago, New York City, and Bogotá. The company maintains a team size of 60 members, working both remotely and partly remote, across these geographic locations.
Products and Services
R2 specializes in revenue-based financing, offering tailor-made financial solutions for merchants, ranging from $500 to $50,000. The company leverages pre-trained scoring models on millions of merchants to provide accurate and reliable assessments. Their API-first approach allows for seamless integration, trustworthy KYC & AML processes, same-day capital disbursement, and painless servicing and collections. R2’s services are backed by established partners like Rappi, Tuu, Glitzi, Pagos Redeban, PayU, and Klap.
Y Combinator and Investment Partners
R2 was part of the Y Combinator W21 batch, receiving support and mentoring to scale its operations. The company is also backed by notable investment firms, including Gradient Ventures, General Catalyst, and Y Combinator. These partnerships have provided R2 with the necessary capital and strategic guidance to expand its service offerings in the fintech landscape.
Compliance and Transparency
R2 ensures full compliance with local regulations and adheres to transparency standards in its operations. The company provides detailed information about its privacy policy and data handling practices on its official website. As of March 2023, the Costo Anual Total (CAT) PROMEDIO is 99% without VAT, and all commissions and rates are subject to approval, ensuring that customers are well-informed about the terms and conditions of their financial products.